Massmutual Trust Co. FSB ADV Raises Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Massmutual Trust Co. FSB ADV grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,400 shares of the company’s stock after buying an additional 288 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Hasbro were worth $1,895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors lifted its position in Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after purchasing an additional 3,273,563 shares during the last quarter. Swedbank AB bought a new stake in Hasbro in the 1st quarter worth $82,523,000. Norges Bank purchased a new position in shares of Hasbro in the fourth quarter valued at about $70,544,000. Cooke & Bieler LP raised its stake in shares of Hasbro by 31.6% during the fourth quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock valued at $162,801,000 after acquiring an additional 765,898 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Hasbro by 26.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,441,228 shares of the company’s stock worth $73,593,000 after purchasing an additional 300,420 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 1.0 %

Shares of HAS traded down $0.61 on Monday, hitting $62.85. 2,180,864 shares of the stock traded hands, compared to its average volume of 1,803,061. The company has a market capitalization of $8.76 billion, a PE ratio of -6.08, a P/E/G ratio of 0.51 and a beta of 0.62. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.57. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The business has a 50 day simple moving average of $59.85 and a 200 day simple moving average of $56.59.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. The company’s revenue was down 17.7% on a year-over-year basis. As a group, equities analysts forecast that Hasbro, Inc. will post 3.89 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.80 annualized dividend and a dividend yield of 4.46%. Hasbro’s payout ratio is -27.61%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Bank of America upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and boosted their price target for the company from $70.00 to $80.00 in a research report on Friday, June 14th. Monness Crespi & Hardt increased their target price on Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upgraded Hasbro from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $61.00 to $74.00 in a research report on Thursday, May 23rd. Finally, Jefferies Financial Group raised their price objective on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $69.64.

Insider Buying and Selling

In related news, EVP Tarrant L. Sibley sold 13,000 shares of Hasbro stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total transaction of $783,380.00. Following the transaction, the executive vice president now directly owns 53,003 shares in the company, valued at $3,193,960.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.